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Journal Article
The Rising Federal Funds Rate in the Current Low Long-Term Interest Rate Environment
The low long-term yield is likely a result of high foreign demand for Treasuries rather than a near-zero federal funds rate.
Journal Article
Unemployment by Industry: Duration Must Be Considered, Too
To better understand unemployment in key industries, not only the unemployment rate but the duration of unemployment for those in the industry should be considered. Focusing on only the former could lead to misguided efforts to help the jobless.
Journal Article
Slowdown in Productivity: State vs. National Trend
This slowdown is a national problem, but the cause and impact may not be the same for the whole country. To shed light on these matters, the data for each state?s productivity growth during the current and previous expansions are compared.
Journal Article
The Heterogeneous Impacts of Rising Inflation
Rising inflation rates will have larger effects on some groups than others.
Journal Article
Many Americans Still Lack Retirement Savings
This article aims to offer a glimpse into the current state of retirement readiness in the United States. We examine the participation in and usage of the two most common types of financial accounts designed exclusively for retirement savings. Overall, our analysis indicates that many households either do not utilize or underutilize the retirement savings plans available to them. We also examine how retirement savings vary with age and discuss alternative ways that nonparticipants may be preparing for retirement.
Journal Article
PMI and GDP: Do They Correlate for the United States? For China?
The PMI seems to be a good, although not perfect, indicator of a country?s current economic condition.
Journal Article
State Variation of Tax Deductions
The impact of proposed tax code changes will vary significantly across states.
Journal Article
Filling the Tank on Fridays May Be a Bad Idea for St. Louisans
Gas prices in St. Louis can jump 10 percent overnight.
Journal Article
Accounting for Age: The Financial Health of Millennials
While millennials hold higher levels of student loans, education is often an investment that improves productivity and future earnings. Given these considerations, the concerns regarding millennials? spending and saving habits may be at least partially eased, as they will likely have more time in the labor force to accrue assets and pay off their debts.
Journal Article
Does a Stronger Dollar Erode the Profitability of U.S. Firms?
U.S. firms have adjusted well in response to the recent appreciation of the dollar.